The government confirms that there will be a rise in the National Minimum Wage as of October this year.
The new National Minimum Wage will increase to £6.50 an hour as recommended by the independent Low Pay Commissioner.
The increase in pay will mean that more than one million employees could see their wages increase by as much as £355 a year.
The National Minimum Wage rates from 1 October 2014, as recommended by the LPC, will be:
- a 19p (3%) increase in the adult rate (from £6.31 to £6.50 per hour)
- a 10p (2%) increase in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour)
- a 7p (2%) increase in the rate for 16 to 17 year olds (from £3.72 to £3.79 per hour)
- a 5p (2%) increase in the rate for apprentices (from £2.68 to £2.73 per hour)
If you require support with these legislations changes please contact us. All legislation changes are already in hand for our retained clients.